Sony falls as JPMorgan questions its optimism for image sensors

Tokyo

SONY Corp's lucrative smartphone-camera business may be heading for a slowdown.

The Tokyo-based company's image sensor business is likely to weaken amid slowing momentum for Apple Inc's iPhones, an analyst at JPMorgan Chase & Co wrote as he downgraded the company to neutral from overweight. IPhone X production will probably fall 50 per cent quarter over quarter and the weakness is likely to continue for the first half of the year as demand for high-end smartphones plateaus, according to JJ Park. Sony shares fell 5 per cent by the market's close in Tokyo.